Disaster can strike when you least expect it. If your home is burglarized or damaged in a natural disaster, it may seem impossible to get back up on your feet.

One solution is to pay for renter’s or homeowner’s insurance to cover your loss of property. However, insurance companies are for-profit institutions that make money by holding onto yours, so you might wait weeks or even months to receive the money you’re owed.

Thankfully, there’s Lemonade, a new kind of insurance company that offers nearly instant reimbursements and approvals on insurance policies, and rates start as low as $5/mo for renter’s insurance and $25/mo for homeowner’s insurance.

Traditionally, insurance companies will review your claims and pay you when they see fit, which can be nerve-wracking in an emergency situation. Lemonade does the opposite; when you need to file a claim, all you need to do is hit the Claim button in the Lemonade app and follow the on-screen instructions.

Lemonade’s AI runs dozens of anti-fraud algorithms when you file, and if your claim is instantly approved, Lemonade’s AI will pay it in seconds. If for some reason the AI can’t approve your claim, it will hand it off to Lemonade’s team of experts to handle right away.

While Lemonade’s cutting-edge AI is enough to put it leagues ahead of its competitors, its Giveback program makes it stand out even more: When you get your Lemonade policy, you get to pick a nonprofit you care about. Then, once a year, Lemonade tallies up the unclaimed money left from you and other users who chose the same charity and gives up to 40% of it to that organization!

In short, Lemonade presents a new, painless way to insure your living space while making a difference in the world at the same time. Right now, renter’s plans start as low as $5/mo while homeowner’s plans are as low as $25/mo. Click here to learn more.

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